Form 4: Travel & Leisure Co. Director Michael H. Wargotz Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Director Michael H. Wargotz reports acquisition of common stock and deferred stock units in Travel & Leisure Co.

Summary

  • On April 25, 2024, Michael H. Wargotz acquired 1,125 shares of common stock.
  • On July 25, 2024, Michael H. Wargotz acquired 1,236 shares of common stock.
  • These acquisitions were due to deferred stock units issued for dividends.
  • Each deferred stock unit entitles the reporting person to receive one share of common stock following retirement or termination of service from the Board of Directors.
  • Following these transactions, Wargotz beneficially owns 112,463 shares of common stock, including previously reported deferred stock units, restricted stock units, and shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not inherently convey positive or negative sentiment. It simply reports transactions.

Positives

  • The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider trading and is a standard practice for directors and officers of publicly traded companies.

Stakeholder Impact

  • The change in beneficial ownership may be of interest to shareholders.

Key Dates

DateDescription
04/25/2024Acquisition of 1,125 shares of common stock.
07/25/2024Acquisition of 1,236 shares of common stock.

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